DEFINITION of 'Gross Domestic Product -GDP' The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis.

GDP is seen as the universal yardstick of progress and the highest goal of politics. But economic historian Dirk Philipsen argues that the world can no longer afford GDP rule, and it’s time now for a different measure.

Economic historian Dirk Philipsen shows how the history of GDP reveals unique opportunities to fashion smarter goals and measures, and explores a possible roadmap for a future that advances quality of life rather than indiscriminate growth.

Today, increasing GDP is the highest goal of politics. But a finite planet cannot sustain blind and indefinite expansion. If we consider future generations equal to our own, replacing the GDP regime is the ethical imperative of our times. Published on Aug 2, 2015

His book, The Little Big Number, is available from Amazon by clicking the image or visiting your local bookstore or library.